888 chief quits amid deal talks

first_img Sunday 10 April 2011 10:28 pm whatsapp KCS-content Show Comments ▼ whatsapp 888 chief quits amid deal talks Share THE CHIEF executive of online gaming site 888.com has quit, as protracted takeover talks with high street bookmaker Ladbrokes continue following five months of negotiations. Gigi Levy, who has been in charge at 888.com since January 2007, is stepping down to “pursue other interests”, the firm said.He will continue to commit half of his time over the next six months to help smooth a transition to a new chief executive, and will remain on the board following his departure. A search for his successor is now underway, and in the meantime senior independent director Brian Mattingley will “work closely with management on all aspects of the business”, the firm said.Levy first joined 888 as chief operating officer in 2006, having previously worked for US software provider Amdocs.The online poker firm has been a takeover target for Ladbrokes since December, when the two began negotiations.A spokesperson said Levy’s departure was unrelated to the takeover talks.Yet no clear progress has yet been made on the deal, drawing speculation that the two sides have struggled to reach a price.Ladbrokes had initially offered 70p per share for the business, valuing it at around £240m. Earlier this month, sources close to the negotiations said the bookmaker could up its offer.888 reported a steep fall in 2010 profits earlier last month, hit by falling poker revenues and an increased marketing spend. Its share price closed at 46p per share last week, giving it a market capitalisation of £158m. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULLlast_img read more

Stanbic IBTC Bank (IBTC.ng) Q12011 Interim Report

first_imgStanbic IBTC Bank (IBTC.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2011 interim results for the first quarter.For more information about Stanbic IBTC Bank (IBTC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic IBTC Bank (IBTC.ng) company page on AfricanFinancials.Document: Stanbic IBTC Bank (IBTC.ng)  2011 interim results for the first quarter.Company ProfileStanbic IBTC Plc is a financial services company in Nigeria offering banking products and services for the retail, corporate, investment and wealth management sectors. The Personal and Corporate Banking division provides a full-service offering ranging from transactional accounts to residential accommodation loans, vehicle and equipment finance and instalment finance. The Corporate and Investment Banking division offers products and services for foreign exchange, fixed income and equity trading as well as transactional banking, corporate and property lending and custodial and trade finance services. The Wealth Management division provides services for investment management, pension management, portfolio management, unit trust/fund management and trusteeship services. Stanbic IBTC Holdings Plc undertakes venture capital projects and private equity investments; acts as an executor and trustee of wills and trusts; and provides agency, insurance brokerage and stockbroking services. Founded in 1989, Stanbic IBTC Holdings Plc is a subsidiary of Stanbic Africa Holdings Limited. Its company head office is in Lagos, Nigeria. Stanbic IBTC Plc is listed on the Nigerian Stock Exchangelast_img read more

Dangote Flour Mills Plc (DANGFL.ng) 2018 Annual Report

first_imgDangote Flour Mills Plc (DANGFL.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2018 annual report.For more information about Dangote Flour Mills Plc (DANGFL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Dangote Flour Mills Plc (DANGFL.ng) company page on AfricanFinancials.Document: Dangote Flour Mills Plc (DANGFL.ng)  2018 annual report.Company ProfileDangote Flour Mills Plc mills wheat and produces wheat products in Nigeria which includes bread flour, confectionary flour, pasta semolina and bran (wheat offal). Pasta products made by the company are spaghetti and macaroni. Dangote Flour Mills is a subsidiary of Dangote Industries Limited which is one of Nigeria’s largest and fastest growing conglomerates. The company’s flour mills are located in Apapa, Kano, Calabar and Ilorin with a total installed capacity of 5 000 metric tons per day. Subsidiaries include Dangote Pasta Limited, Dangote Noodles Limited and Dangote Agro Sacks Limited. Formerly known as Tiger Branded Consumer Goods Plc, the company was incorporated in 2006 following a strategic decision by Dangote Industries Limited to unbundle various operations. Dangote Flour Mills Plc is listed on the Nigerian Stock Exchangelast_img read more

Mike Haley: How to perfect your positioning at 15

first_imgSale Sharks full-back Mike Haley gives his top tips on how to defend in different situations Bright spark: Mike Haley makes a burst for Sale Sharks. Photo: Getty Images Mike Haley made more carries (207) and more metres (1,180) than any other full-back in last season’s Aviva Premiership. Here the Sale Shark talks through how a No 15 should defend in a variety of situations…Danger area: A lineout during a Mitre 10 Cup game in New Zealand. Photo: Getty Images1. LINEOUT IN 22“If the opposition have a lineout near their 22, I’ll be on halfway in the middle with one of our wings tight to the same touchline as the lineout. If they box-kick, our wing is there to take it and I support him. If they kick cross-field, I’ll move across to cover it.”2. SCRUM IN 22“For an opposition scrum in their 22, I’ll be deep behind halfway. Our wings are further forward covering the touchlines. I’ll look at their kickers and the way the scrum wheels to predict where the ball will be kicked, then work in a pendulum with the wings.”Central positioning: For a lineout in the middle of the field, Haley would sit deep. Photo: Inpho3. MIDFIELD LINEOUT“For an opposition lineout around halfway: one wing covers the touchline, the other is about 15m in from the other touchline and I’ll be further back to cover the long kick. If their back-line is standing quite flat, it’s an indication that they’re going to kick.”4. BREAKDOWN KICK “If there’s a counter-ruck, I’ll drop deep in the middle of the park. They might have a left-footed and a right-footed kicker and I need to cover both. As soon as it looks obvious who is going to kick it, I’ll hedge my bets – move forward/left/right.”Be alert: It’s important to get your positioning right from a restart. Photo: Inpho5. RESTART“At a restart, if our ten kicks left, we’ll keep the eight back behind halfway close to the touchline and I’ll be a few metres inside him. That covers a box-kick, one to catch it and one to support. If I kick it back, the ten will drop to cover a cross-field kick.”6. GENERAL DEFENCE “If the opposition are attacking between the ten-metre line and our 22, myself and the nine will each cover half the pitch in the 22, standing just behind the defensive line. If I make a tackle, the nearest wing will drop back to cover with the nine.” TAGS: Sale Sharks LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS FOR THE LATEST SUBSCRIPTION OFFERS, CLICK HEREWHAT YOU COULD DOThe back three is all about support play – communicate and understand what you’re trying to do in defence.Work out what’s best for your team, whether you use the nine and eight in the backfield with the 15 or drop your wingers.To take a high ball, you need a high knee, high elbows, high hands – and your eyes on the ball.This is a drill focusing on support play: someone puts up a box-kick to you and a support player. You take it and decide whether to pass, run or go into contact, with the support player to clear out.Here’s another training game: the attacking team kick from just outside their 22. The defending team kick it back, then the back three look to counter. So it’s a two-kick drill and then you counter-attack.This article originally appeared in the September 2017 issue of Rugby World.last_img read more

Family Villa in Benešov / Atelier K2

first_img Czech Republic Photographs:  Tomáš Rasl Manufacturers Brands with products used in this architecture project Family Villa in Benešov / Atelier K2Save this projectSaveFamily Villa in Benešov / Atelier K2 Architects: Atelier K2 Area Area of this architecture project Family Villa in Benešov / Atelier K2 “COPY” Photographs ArchDaily Manufacturers: Nemetschek, BS Group KlatovyCollaboration:Jakub Koníř, Ing. arch. David Šabata, Ing. arch. MgA. Tomáš BalejMain Contractor:SLÁDEK GROUP, a.s.Team:Jiří Poláček, Václav ŠkardaCity:BenešovCountry:Czech RepublicMore SpecsLess Specs Save this picture!© Tomáš RaslText description provided by the architects. Elongated site is situated next to a valuable villa by architect O. Novotný. The newly built house is positioned in the lower part of the site, to secure enough space for the new as well as the existing villa.Save this picture!Courtesy of Atelier K2Recommended ProductsDoorsECLISSESliding Pocket Door – ECLISSE LuceDoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalWoodBruagBalcony BalustradesLightsVibiaCeiling Lights – BIGThe footprint of the house in “C” shape defines an atrium orientated towards the main garden. In the perspective from the main residential garden, the house with an atrium is divided into several smaller parts, while in the view from the entrance side, it employs its compactness.Save this picture!Plan 2The house has most of its living spaces on the ground level, to profit from their connection to the garden. The ground floor is designed as a generous social platform, including the swimming pool, study and the bedroom. Level of the floor gradually follows the gently sloping terrain. Atrium is approached as a private exterior room. Two bedrooms and a bathroom are situated on the upper level. In the basement, the utility rooms as well as garage for two cars are situated.Save this picture!© Tomáš RaslThe dining space represents the center of the house – a living hall. The significance of this space is emphasized with the vault ceiling and additional natural lighting of the space below the vault top. Height of the vault enables illumination of the space from the upper area transverse to the space from the eastern and the western sides. Sunlight is therefore present in the center of the house throughout the whole day.Save this picture!SectionSave this picture!SectionThe entrance hall with glazed ceiling evokes the sense of an outside courtyard. The hall subsequently brings natural light to the basement. The house is intended to be enveloped by vegetation – roofs exposed to view are realized as green roofs, the entire house is intended to be covered with climbing plants. Profiled concrete ceiling visually unites varied spaces of the house. Windows of the first floor will be shaded by sliding timber shutters, which in the open position join the windows into a horizontal strip, which corresponds with the living room windows on the ground floor.Save this picture!Courtesy of Atelier K2Project gallerySee allShow lessAD Classics: Bonnefantenmuseum / Aldo RossiArchitecture ClassicsDali Munwood Lakeside Resort Hotel / Init Design OfficeSelected Projects Share “COPY” Save this picture!© Tomáš Rasl+ 26 Share Year:  2014 CopyHouses•Benešov, Czech Republic ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/786522/family-villa-in-benesov-atelier-k2 Clipboard Houses Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/786522/family-villa-in-benesov-atelier-k2 Clipboard Area:  352 m² Year Completion year of this architecture project CopyAbout this officeAtelier K2OfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBenešovCzech RepublicPublished on April 30, 2016Cite: “Family Villa in Benešov / Atelier K2” 30 Apr 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MSun Control Film – Prestige ExteriorShowerhansgroheShowers – Croma SelectWall / Ceiling LightsSpectrum LightingLED Downlight – Infinium 3″ Round FlangelessVentilated / Double Skin FacadeCosentinoDekton Cladding in LD Sevilla hotelSealantsSikaJoint SealingBeams / PillarsLunawoodThermowood Frames and BearersPorcelain StonewareApariciPorcelain Tiles – MarblesCeramicsTerrealTerracotta Facade in Manchester HospitalWindowspanoramah!®ah! CornerHome AppliancesGIRAGira Keyless in – Door communicationLightsLinea Light GroupIntegrated Lighting – Fylo+More products »Save想阅读文章的中文版本吗?Benešov家庭别墅/K2建筑事务所是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Royal Mail Group delivers three grants totalling £50k for Christmas

first_img Howard Lake | 15 December 2014 | News Advertisement Royal Mail Group delivers three grants totalling £50k for Christmas Tagged with: corporate Photo: BasPhoto / Shutterstock.com Royal Mail Group has donated £50,000 to three charities to help them support communities across the UK over the festive period. The funding will help vulnerable people and those who need assistance over Christmas, including carers, the elderly and those who have been bereaved.The three charities are The Silver Line, Cruse Bereavement Care and Carers UK.The donations are part of Royal Mail Groups support of communities across the UK. During 2013-14 the company donated £9.8m to charities and good causes.The Silver Line runs a free, confidential helpline service providing information, friendship and advice to older people all year round. The donation will enable 3,500 lonely older people to get a special phone call on Christmas Day so at least one person will wish them Merry Christmas and have a chat with them.Cruse Bereavement Care supports people who have suffered a devastating loss at the passing of a loved one. The donation will support the charity’s work in responding to 1,800 calls over the Christmas period.Carers UK offers assistance, practical advice and guidance to carers across the UK. The Royal Mail donation means that local carers groups will be provided with grants so they can help offer a much needed festive treat to around 2,000 carers nationwide.Lily Heinemann, Head of Corporate Responsibility & Community Investment for Royal Mail Group said:“We’re delighted to be supporting these three charities this Christmas, who all play a vital role in helping communities across the UK. Their work is making a real difference to people’s lives and we hope our donation will help those in need have a better Christmas”.[message_box title=”Matched giving” color=”blue”]If your charity hasn’t benefited this time, try asking your supporters to see if any of them work for Royal Mail Group. In 2013-14 the Group provided almost £690,000 in matched giving to support employees’ fundraising for around 344 charities all around the UK.Royal Mail employees are also payroll giving donors: earlier this year the company celebrated reaching 25 years and £50 million in charitable donations through its payroll giving scheme.[/message_box]center_img  39 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  40 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Horoscope: March 12, 2021

first_imgTamia Bankshttps://www.tcu360.com/author/tamia-banks/ Horoscope: April 30, 2021 Linkedin Previous articleTCU sees season end in miserable fashion at Big 12 tournamentNext articleWomen’s basketball falls in Big 12 Championship quarterfinals to Baylor Tamia Banks RELATED ARTICLESMORE FROM AUTHOR Horoscope: April 29, 2021 + posts Tamia Banks Facebook ReddIt Horoscope: May 1, 2021 Horoscope: May 1, 2021 printA baby born today has a Sun and Moon in Pisces.HAPPY BIRTHDAY for Friday, Mar. 12, 2021:Courageous, determined and visionary, you’re tough enough to withstand this year and to start on a new path or project that will be extremely successful. A risky venture pays off tremendously. If single, learn to trust fully and you’ll find your mate waiting in the wings. If attached, there is much unrealized potential still within your very tight bond. Express all of who you are. ARIES loves the whole package.The Stars Show the Kind of Day You’ll Have: 5-Dynamic; 4-Positive; 3-Average; 2-So-so; 1-DifficultARIES (March 21-April 19)★★★★Old and poignant memories surface. Past life regression might be useful to aid in understanding and accepting the present situation. A deep rapport with wild creatures and the spirit of wilderness prevails. Tonight: Talk deeply with a mentor from your past.TAURUS (April 20-May 20)★★★★★Friends include you in their plans. The expectations of others draw you into group activities or a prominent role within an organization. You might assume the role of mediator or overseer. Tonight: A light illuminates the future of an important relationship.GEMINI (May 21-June 20)★★★★★Today puts a positive spin on your status and career situation. You’ll be highly visible. A Zoom meeting goes especially well. Others express admiration and see you as a role model. Burn sage to cleanse your workspace. Tonight: Excitement builds about your future; constructive daydreaming.CANCER (June 21-July 22)★★★★★Today reveals new potentials on the horizon. Your luck is changing for the better. Select goals for the long-range future. Write a wish list. Information and new ideas are directed your way. Opportunities are likely to come about. Tonight: The world is your oyster.LEO (July 23-Aug. 22)★★★★Today will be memorable. Be receptive to growth and change. Don’t be surprised by the magnitude of changes brewing. It’s a time of turning points. There can be a debate or some points of controversy to settle. Tonight: A partner needs convincing.VIRGO (Aug. 23-Sept. 22)★★★★★Listen carefully and honor others’ freedom of thought, even if you disagree. A long-standing partnership, in business or love, might be ending or a new one beginning. Your imagination and creativity are excellent. Tonight: An original idea solves a problem, and it’s profitable.LIBRA (Sept. 23-Oct. 22)★★★★Today affects your health sector. A dream or intuitive perception brings insight into fitness factors. Seek ways to ease a stressful daily schedule. A much loved animal companion might require extra love and attention. Tonight: Eliminate clutter and begin spring cleaning early.SCORPIO (Oct. 23-Nov. 21)★★★★★Today gives you renewed energy and enthusiasm. You’ll enjoy sports, creative projects and hobbies. Love and admiration come your way. Children have much to share. Young people are sources of inspiration, pride and hope. Tonight: A relationship becomes more supportive.SAGITTARIUS (Nov. 22-Dec. 21)★★★★Today generates mood swings in a loved one. Offer words of encouragement. Be a good listener. A visitor offers to help with chores or repairs. A household gathering is peppered with lively discussions. Tonight: Ideas and stories that family share will inspire you.CAPRICORN (Dec. 22-Jan. 19)★★★★Today indicates that you might look for a new vehicle or consider alternative travel and transportation arrangements. Mobility issues will be resolved satisfactorily. Hesitate if an acquaintance suggests a risky proposal. Tonight: If something just doesn’t feel right to you, back off.AQUARIUS (Jan. 20-Feb. 18)★Double-check suggestions others make regarding finances. Today’s opposition could allow the actions taken by another to drain your resources. Trust your own judgment, particularly if something sounds too good to be true. Tonight: Deep disappointment in a loved one.PISCES (Feb. 19-March 20)★★★★★Today generates enthusiasm and motivation. Control impatience and anger though. It is especially important to be constructive in your focus. Both love prospects and finances are very promising. A desirable relationship grows. Tonight: Extra hours of sleep to catch up.Born today: Dancer Vaslav Nijinsky (1889), playwright Edward Albee (1928), singer/actress Liza Minnelli (1946) Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ Horoscope: May 2, 2021 Twitter Facebook Twitter Horoscope: April 30, 2021 ReddIt Horoscope: April 29, 2021 Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ Linkedin Horoscope: May 2, 2021 Horoscope: April 28, 2021 Tamia Bankshttps://www.tcu360.com/author/tamia-banks/last_img read more

No Reporters Without Borders protest at Olympic torch relay in Hong Kong

first_imgNews April 30, 2008 – Updated on January 20, 2016 No Reporters Without Borders protest at Olympic torch relay in Hong Kong ChinaAsia – Pacific China: Political commentator sentenced to eight months in prison June 2, 2021 Find out more ChinaAsia – Pacific RSF_en With just 100 days to go to the start of the Beijing Olympic Games on 8 August, Reporters Without Borders today called on the Chinese authorities to take rapid and effective measures to improve the situation of press freedom and online free expression in a lasting manner.The press freedom organisation also released a report on the fate of imprisoned journalists and cyber-dissidents in China and the impact on the foreign press of a government-orchestrated campaign to rally nationalistic fervour.After staging peaceful demonstrations at the London, Paris, San Francisco and Nagano legs of the Olympic torch relay, Reporters Without Borders has decided not to demonstrate in Hong Kong when the torch is carried through the city on 2 May.“We will refrain from demonstrating on 2 May in Hong Kong in order to allow the resumption of dialogue with the Chinese authorities,” the press freedom organisation said today. “We know that certain senior government officials are making an effort to find a solution to the current crisis, by giving priority inter alia to the release of prisoners of conscience.”Reporters Without Borders added: “Our contacts in Beijing have told us that dialogue is again possible and that there could be concrete gestures of a human rights nature. We would like to help facilitate these initiatives.”The Reporters Without Borders list of nine things the Chinese authorities must do before the Beijing Olympic Games:1. Release all journalists and Internet users detained in China for exercising their right to information.2. Allow the foreign press freedom of movement, including in Tibet and Xinjiang, and freedom to interview whomever they wish, both until and beyond October 2008.3. Disband the Publicity Department (the former Propaganda Department), which exercises daily control over content in the Chinese press.4. End the jamming of foreign radio stations.5. End the blocking of thousands of news and information websites based abroad.6. Suspend the “11 Commandments of the Internet,” which lead to content censorship and self-censorship on websites.7. End the blacklisting of journalists and human rights activists, which prevents them from visiting China.8. Lift the ban on Chinese media using foreign news agency video footage and news reports without permission.9. Legalize independent organisations of journalists and human rights activists.The Foreign Correspondents Club of China (FCCC) issued a press release today condemning the death threats received by at least 10 foreign correspondents based in China and the serious restrictions imposed on the work of the media in Tibet.The FCCC also quoted six sports journalists as criticising the lack of sincere cooperation from the organisers of the games, difficulties in accessing athletes and Chinese officials and inconsistencies in the information provided to the media. Organisation Help by sharing this information Follow the news on China Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimescenter_img News Reporters Without Borders today called on the Chinese authorities to take rapid and effective measures to improve the situation of press freedom and online free expression in a lasting manner. The press freedom organisation also released a report on the fate of imprisoned journalists and cyber-dissidents in China and the impact on the foreign press of a government-orchestrated campaign to rally nationalistic fervour. News April 27, 2021 Find out more to go further China’s Cyber ​​Censorship Figures Related documents Press freedom in China three months before the OlympicsPDF – 248.8 KB Receive email alerts March 12, 2021 Find out more Newslast_img read more

[Vijay Mallya-UBL] ‘Not Case Where Company Needs To Be Wound Up As Assets Exceed Outstanding Liability’, SC Told; All Appeals To Be Heard On Oct 8

first_imgTop Stories[Vijay Mallya-UBL] ‘Not Case Where Company Needs To Be Wound Up As Assets Exceed Outstanding Liability’, SC Told; All Appeals To Be Heard On Oct 8 Mehal Jain29 Sep 2020 11:38 PMShare This – xThe Supreme Court on Wednesday deferred to October 8 the hearing on the challenge by Vijay Mallya’s United Breweries against the Karnataka High Court upholding the order of its winding up.The bench of Justices U. U. Lalit, Vineet Saran and Ravindra Bhat shall also examine whether attached assets of fugitive Mallya’s United Breweries (Holding) Ltd. can be used to settle the debts owed to…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Wednesday deferred to October 8 the hearing on the challenge by Vijay Mallya’s United Breweries against the Karnataka High Court upholding the order of its winding up.The bench of Justices U. U. Lalit, Vineet Saran and Ravindra Bhat shall also examine whether attached assets of fugitive Mallya’s United Breweries (Holding) Ltd. can be used to settle the debts owed to banks, including the State Bank of India.”The response of the banks has been received…the basic question is that since the company’s assets exceed the total debts, the outstanding liability, this is not a case where the company is to be directed to be wound up…Further, the assets are attached by the ED so much so that none is available (to the banks) and hence, the operation cannot be said to be bonafide…the total amount offered is over 14000 crores, and the total amount due is 6203 crores plus interest. But the allocation has been only 430 crores…”, began Senior Advocate C. S. Vaidyanathan for the petitioner.”Further, not a single asset has been acquired since 2009 which was the year when the bank loans were alleged to have been siphoned off outside the country…”, he further pointed out.”Has the order of attachment been challenged?”, asked Justice Llait.”There was an appeal before the PMLA tribunal. It was told that the attachment was for the purpose of satisfying debts…the banks’ challenge to the attachment is still pending…not a single asset attached by the ED has been acquired since 2009. The bulk of the assets are by way of shares…”, responded Mr. Vaidyanathan.The bench desired to look at the attachment order. “The company before you is the guarantor. The loan was taken by Kingfisher. Mr. Mallya is also a guarantor. Kingfisher has been wound up….I was operating on the premise that being the guarantor, I have to satisfy the debt…”, submitted Mr. Vaidyanathan.”The PMLA operates on the basis that there are proceeds of crime in your hands…?”, the bench sought to know.”The PMLA Investigation revealed that out of the total amount sanctioned by the IDBI, the major amount was remitted outside of India. It was said to be employed towards payments of aircrafts, spare parts. There was huge variation in these payments, particularly leasing payments, in view of the type of aircraft etc…the PMLA investigation concluded that there is reason to believe that the loan sanctioned by the IDBI is not backed by marketable commodities. Accordingly, the order was passed for provisional attachment on grounds of involvement in money laundering…”, replied Mr. Vaidyanathan.”The properties attached are mostly shares? And they are to be in respect of the same proceeds of crime or different?”, asked Justice Lalit.”Same”, responded Mr. Vaidyanathan.In his turn, Senior Advocate Mukul Rohatgi, appearing for the SBI, argued, “The appeal is totally devoid of merits. It is founded on the allegations of a ‘X’ director who is saying that so much is due. He has no idea. He is just making allegations as to facts and figures….also, the common winding up order was for others also. But the other appeals are not listed today. So there is no point in taking up only one”The bench then inquired from the counsel as to how many appeals are there in all and what is the status of those appeals. Upon being informed, the bench decided to list together all appeals arising out of the same winding proceedings and take them up on October 8. Next Storylast_img read more

Public health doctors accused of having “an anti-pub agenda”

first_imgAudioHomepage BannerNews Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter By News Highland – September 11, 2020 Derry draw with Pats: Higgins & Thomson Reaction Facebook Pinterest Twitter Facebook Pinterest Journey home will be easier – Paul Hegarty center_img WhatsApp WhatsApp Previous articleBritish Government’s step on Brexit must be opposed – DohertyNext articleDonegal TD calls for major funding injection into mental health services News Highland DL Debate – 24/05/21 Public health doctors accused of having “an anti-pub agenda” Harps come back to win in Waterford FT Report: Derry City 2 St Pats 2 Google+ A lobby group’s accused public health doctors of having “an anti-pub agenda”. The Licenced Vintners’ Association says any extension of pub closures in Dublin will mean some owners will default on their mortgages.The National Public Health Emergency Team is now considering further restrictions in the capital after a rise in the number of Covid-19 cases there.LVA chief executive Donal O’Keeffe says his members need to open on the 21st of the month as planned.Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/09/okexfvxcvefe7am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Monday May 24thlast_img read more